Forbes reported last week that Tiger Woods became the first athlete to earn $1 billion in career earnings from endorsements, prize winnings, golf course design and appearance fees. Woods reportedly earns $30 million a year from Nike and receives $10 million per project for his golf design work. He also just won $10 million last week for winning the FedEx Cup title.

The crazy part is that Woods in only 33 years old and has many years of competitive golf, endorsements and golf course design ahead of him. It’s not a stretch to say that he’ll likely make well in excess of $2 billion by the time his career ends. It’s estimated that he has now earned more than NBA great Michael Jordan ($800 million) and retired Formula One driver Michael Shumacher ($700 million). ... Read More

Serena Williams lost to unseeded, unranked Kim Clijsters 6-4, 7-5 at yesterday’s US Open semi final due to a penalty she received for unsportsmanlike conduct.

The penalty just happened to be match point.

“She was called for a foot fault, and a point later, she said something to a line umpire, and it was reported to the chair, and that resulted in a point penalty,” Brian Earley the line referee said. “And it just happened that point penalty was match point. It was a code violation for unsportsmanlike conduct.”